What Is The Chained-CPI, And Why Should Your Grandma Freak Out About it?http://www.businessinsider.com/what-is-the-chained-cpi-2011-7/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 15:16:34 -0400Linette Lopezhttp://www.businessinsider.com/c/4e296fffccd1d5af2d320000JimFri, 22 Jul 2011 08:41:35 -0400http://www.businessinsider.com/c/4e296fffccd1d5af2d320000
Excellent points!
A couple of additional comments...............
Most people do not realize that, on average, coporations pay less than one percent of their revenues (i.e. gross income) to the US government. Individuals are taxed on adjusted gross imcome. Corporations are taxed only on net income. A tax on net income is equivalent to a tax on personal residual income, after allowing deductions for all household and living expenses.
Medicare and Social Security taxes are disproportionally paid by lower income people, due to caps, plus the fact that hedge funders and top managers are generously compensated via capital gains.http://www.businessinsider.com/c/4e28d367cadcbb4718070000AlmostBrokeThu, 21 Jul 2011 21:33:27 -0400http://www.businessinsider.com/c/4e28d367cadcbb4718070000
Sorry Granny. Congress wants to cut your Social Security and Medicare Benefits while at the same time hand out over $50 billion a year in foreign aid. Sorry Granny. President Obama is willing to cut your Social Security and Medicare Benefits and at the same time give welfare benefits and in-state college tuition to illegal aliens. So Granny the ping pong ball is in your court. It is time to call your people in Congress. If that does not work make a personal visit to their Congressional offices. Let them know that Grannys vote and vote and vote.http://www.businessinsider.com/c/4e2892334bd7c8194a2d0000Gene GharisThu, 21 Jul 2011 16:55:15 -0400http://www.businessinsider.com/c/4e2892334bd7c8194a2d0000
People can't afford to by real food, so they buy cat food. Tracking real spending then discovers that they are spending less for food, so there's no need for a cost of living adjustment. As cat food prices go up, people will have to find a cheaper brand. Spending goes down. WOW! We can save even more money because people are spending even less for food. When people can only buy food for 6, then 5, then 4 days per week, the spending patterns go down more, showing that people don't need as much as they used to. And so on... This looks really bad.http://www.businessinsider.com/c/4e2875234bd7c8ad1d190000Aqua BuddhaThu, 21 Jul 2011 14:51:15 -0400http://www.businessinsider.com/c/4e2875234bd7c8ad1d190000
Like the old people of Japan lining up to carry radioactive waste from the broken power plants to save thier country America's white haired people will Attack this problem and it will be ugly and last decades.http://www.businessinsider.com/c/4e2874e1cadcbb6971190000Hank ReardenThu, 21 Jul 2011 14:50:09 -0400http://www.businessinsider.com/c/4e2874e1cadcbb6971190000
They've been fudging it for years.
Even the media does it. "Core CPI ex petrol and food"
When was the last time you only cared about Core CPI?
At least they're telling you upfront you're about to get screwed.
Next question: are we doing that with TIPS (treasuries) as well?http://www.businessinsider.com/c/4e286a934bd7c8b411010000Richard FrostThu, 21 Jul 2011 14:06:11 -0400http://www.businessinsider.com/c/4e286a934bd7c8b411010000
Once again, note the distributive effect here: hurt the people at the bottom, who are receiving an ever-lower proportion of national income, while leaving the elite unscathed. Brilliant.
Funny how we never talk about a small transaction tax on derivatives trades, or reducing the number of foreign military bases in our gargantuan empire from 700+ to a mere 100. The end is nigh, yet apparently our titans of finance and masters of war can continue to indulge in their fantasies of global domination.
Government of the elite, by the elite, shall not perish from the earth. Wonder what Honest Abe would have thought about that.http://www.businessinsider.com/c/4e2866d749e2aef432170000babyboomersdestroyedusThu, 21 Jul 2011 13:50:15 -0400http://www.businessinsider.com/c/4e2866d749e2aef432170000
Time for those born before 1964 to pay the piper. Selfish generation that spent us into this mess should pay the consequences of their indulgence. They did everything from lose Vietnam to get us into Iraq, indulging all the way. They started out as hippies at Woodstock and hypocritically ended up blowing up Wall Street 40 years later. No Social Security payments to pay for your golf memberships or botox injections, grandpa and grandma!!! Never before have so many taken so much and given so little.http://www.businessinsider.com/c/4e286267ccd1d53877010000radixThu, 21 Jul 2011 13:31:19 -0400http://www.businessinsider.com/c/4e286267ccd1d53877010000
Except that the goods seniors really spend their money, prescriptions, aren't part of the equation, those costs always go up.http://www.businessinsider.com/c/4e2861d7ccd1d53b77000000imdwightgoodenThu, 21 Jul 2011 13:28:55 -0400http://www.businessinsider.com/c/4e2861d7ccd1d53b77000000
haha... suck it up grandma... you foolishly trusted Uncle Thug with your retirement